Finance and investment

Utilita becomes a patron of The Prince’s Trust

Challenger energy supplier Utilita has announced it has become a patron of The Prince’s Trust, the charity set up by Prince Charles.

CMA launches probe into RWE/Eon deal

The probe will examine whether the major European asset swap transaction will likely lead to a “substantial lessening of competition” in the UK energy market.

SSE pays out £705,000 over feed-in tariff misreporting

SSE overstated generation payments in its feed-in tariff (FIT) annual submissions to Ofgem due to an “administrative error” and will now pay out more than £705,000.

Scottish Power to invest £2bn in clean energy in 2019

Solarplicity ‘overdue’ accounts prompts industry concern

The accounts for challenger energy provider Solarplicity are listed as “overdue” on the Companies House website, prompting concerns the company is in difficulty.

Growth in US pellet business swells Drax profit

Government to publish energy white paper ‘in early summer’

Pressed on the timing of the long-awaited policy paper last week during a debate on small modular reactors (SMRs) in the House of Commons, junior business minister Richard Harrington, said: “That will happen in the next few months—in early summer.”

SSEN outlines RIIO2 transmission plan

Nicola Sturgeon defends resurrection of tidal project fund

Scotland's first minister has defended her government’s resurrected tidal project fund against the concern that it is "window dressing".

Big six suppliers hit back at claims they are ‘running a cartel’

Two big six energy companies have responded to claims large energy suppliers are “running a cartel” by raising their standard variable tariffs (SVT) in line with the summer price cap.

Price hikes announced by Co-op Energy and Ebico

Challenger brands Co-op Energy and Ebico have announced they will raise their standard variable tariffs (SVTs) following the announcement by Ofgem to revise the price cap.

CFO roundtable: Rising to the challenge

Ofgem reveals ROC buyout price for 2019/20

Ofgem has announced the mutualisation ceilings for the 2019-20 obligation period are £293,831,481.82 in England and Wales, an increase of £9.3 million on the year previously.

Claire Perry responds to solar subsidy shake up concerns

CCC advises ‘no gas connections’ for new homes from 2025

No new homes should be connected to the gas grid from 2025 at the latest, the government’s climate change watchdog has recommended as part of a wide-ranging package of measures to cut emissions from the UK’s housing stock.